Tuesday, September 09, 2008

Russia: Now vs 1998

With another 7% decline today, many are comparing the current crash in Russia to the one that happened back in 1998. While a decline of 44% over 80 trading days is pretty dramatic, Russian equity markets still have a long way to go to match the losses seen from 10/97 to 10/98. During the Russian debt crisis, its main equity index, the Russian Trading System, fell 93% over a one-year period.

Russiadeclines

No comments:

Lunch is for wimps

Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.